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Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in BTC. Salinas has always been an advocate for Bitcoin. He posted on his Twitter profile that paper is worthless. And the best thing to put your money in is Bitcoin. The third richest man in Mexico has revealed that he is not afraid to put his money in BTC.
In other trending Bitcoin News today: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75! Many may remember McAfee for being unapologetically outspoken for his thoughts on government overreach and for being a unique character in the crypto space. According to a report from Spanish international news agency EFE, John McAfee was found dead in his prison cell at the Brians 2 Penitentiary Center on Wednesday.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas
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HERE’S HOW BITCOIN AND ETHEREUM WILL PERFORM FOR THE REST OF THE YEAR, ACCORDING TO MACRO GURU!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Macro guru and crypto veteran Raoul Pal is pulling back the curtain on how he believes Bitcoin (BTC) and Ethereum (ETH) will stack up against other asset classes this year.
In a new tweetstorm, the former Goldman Sachs executive reiterates his theory that Bitcoin is a “super massive black hole,” which posits that the crypto markets will continue to suck capital out of every other major asset.
“My theory is that no investment will beat crypto this year and it will suck in more and more capital. Like it or not, this is the single most superior trade of the last 12 months and one of the great trades ever. BTC is up +1,386% from the low in March 2020 and ETH is up +2,985% from the low in March 2020.”
In other trending Bitcoin News today: Visa Diving Into Cryptocurrency ‘in a Very, Very Big Way’ – CEO Outlines 5 Crypto Priorities
Visa CEO Al Kelly says that the payments giant is leaning into the cryptocurrency space “in a very, very big way.” He outlines five key areas of crypto opportunities that Visa is focusing on, stating that his company is “extremely well-positioned.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Let’s quickly update the Bitcoin Super Massive Black Hole. My theory is that no investment will beat crypto this year and it will suck in more and more capital…
Lets look at the scores of the doors…
— Raoul Pal (@RaoulGMI) May 1, 2021
Bitcoin Settles Above Key Support, Why BTC Could Revisit $60K
https://news.bitcoin.com/visa-cryptocurrency-very-very-big-way-ceo-crypto-priorities/
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RICH DAD AUTHOR DOUBLES DOWN ON BITCOIN AMID FEARS OF BANK ‘CRISIS’!! 0K BTC PRICE PREDICTION!!
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On a global scale, few actually own Bitcoin (BTC).
According to Robert Kiyosaki, the author “Rich Dad Poor Dad,” though, everyone should own the cryptocurrency ahead of the coming “banking crisis.”
This comment is in line with the sentiment of an impending collapse in banking and in the fiat currency system that Kiyosaki has extensively shared since the pandemic began.
Months ago, the tweets of financial educator and entrepreneur Robert Kiyosaki began to gain traction within Crypto Twitter.
Seemingly due to the pandemic, Kiyosaki began to fear that a collapse of the institutions that run the economy is entirely possible.
And according to him, owning gold, silver, and some Bitcoin is a smart way to hedge risks against this collapse.
On August 20th, he doubled down on this sentiment when he tweeted:
“WHY BUFFET is OUT OF BANKS . Banks bankrupt. MAJOR BANKING CRISIS COMING FAST. Fed & Treasury to take over banking system? Fed and Treasury “helicopter fake money” direct to people to avoid mass rioting? Not a time to “Think about it.” How much gold, silver, Bitcoin do you have?”
Kiyosaki added that along with a collapse in the banking sector, he is also expecting a secondary drop in the stock market that will be “bigger than March 2020,” when the S&P 500 plunged by approximately 40%.
Although it isn’t clear if Kiyosaki’s fears are valid, many analysts agree that owning BTC is more logical than ever due to stronger fundamentals than ever.
Real Vision chief executive Raoul Pal, who is a Wall Street veteran, said that all trades may be inferior to Bitcoin due to charts and fundamentals:
“In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon: Yup, Bitcoin. My conviction levels in bitcoin rise every day. Im already irresponsibly long. I am now thinking it may not be even worth owning any other asset as a long-term asset allocation, but that’s a story for another day (I’m still thinking through this).”
In other trending Bitcoin News today:
Analyst Josh Rager Is Holding This Crypto Asset Until It Hits $100,000 – And It’s Not Bitcoin
Crypto analyst and trader Josh Rager says he’s holding onto one altcoin until it surges to $100,000.
Rager tells his 80,000 followers on Twitter that he believes YFI has a ton of room to grow, if he can resist the urge to take profits.
“Bought three YFI around $2,500. Sold two way too early… Could be close to $50,000 combined value right now. But kept one and not selling until over $100,000. Current high so far over $16,100.”
Rager points out that YFI has already surpassed Bitcoin (BTC) in terms of price and it did so in a relatively short period of time.
“I guess 1 YFI does equal 1 BTC… Imagine buying Bitcoin a month ago at $2,000 and it shooting up to its current $12,000 value. Everyone would die for that opportunity. Well YFI just did that.”
YFI is the governance token of decentralized finance (DeFi) protocol yearn.finance.
It is dubbed as an “automated yield aggregator” as the platform scours all other DeFi protocols, locks in the one that offers the best yields, and deposits the funds in that specific protocol.
The process allows users to farm protocols that generate the highest yields.
While YFI offers an attractive use case, there’s always a risk of massive devaluation.
Yield farming platform YAM witnessed its market cap soar to nearly $60 million on August 13th only to collapse to $0 in a matter of hours, according to CoinGecko.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
WHY BUFFET is OUT OF BANKS . Banks bankrupt. MAJOR BANKING CRISIS COMING FAST. Fed & Treasury to take over banking system? Fed and Treasury “helicopter fake money” direct to people to avoid mass rioting? Not a time to “Think about it.” How much gold, silver, Bitcoin do you have?
— therealkiyosaki (@theRealKiyosaki) August 21, 2020
Bought three $YFI around $2,500Sold two way too early…. could be close to $50k combined value right nowBut kept one and not selling until over $100k
Current high so far over $16,100 pic.twitter.com/PJFnRMcrVn
— Josh Rager 📈 (@Josh_Rager) August 20, 2020
https://cointelegraph.com/news/barstool-sports-founder-unprepared-for-bitcoin-exits-after-25k-loss
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Bitcoin Super Cycle Could Bring BTC to Bitcoin Super Cycle Could Bring BTC to $1,000,000 in Four to Five Years | Altcoin Season Has Arrived,000,000 in Four to Five Years | Altcoin Season Has Arrived
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Dan Held thinks Bitcoin (BTC) could skyrocket to $1 million in four to five years due to what he anticipates will be an unprecedented influx of institutional investment.
Held, Kraken’s head of business development, sat down with Cointelegraph’s YouTube channel to expand on his belief in a potential Bitcoin super cycle.
“I think this [bull run] versus other cycles will be much stronger because we will have institutional money flowing in. We’ll have much more developed architecture, we’ll have much better marketing…
We could very much see Bitcoin go through what I would call a super cycle. So a lot of people are predicting Bitcoin goes from $10,000 to $100,000 or $200,000 or $300,000.
Well, what happens when the whole world wakes up to Bitcoin’s value prop of being this decentralized store of value that’s not seizable? If socialism rises, if taxes rise, I could see tons of people flowing trillions and tens of trillions of dollars into Bitcoin, so Bitcoin might not just stop there, it could go to $1 million.”
Held says 90% of his personal financial portfolio is in Bitcoin.
He says he definitely wouldn’t recommend that portfolio construction for most other investors, and the value of his BTC has grown exponentially through the years in relation to his traditional investments.
The Kraken executive also says he doubts blockchain technology is well-suited for any other application aside from powering the Bitcoin network.
“When we look at Bitcoin, a lot of people go, ‘How about this thing called blockchain? Couldn’t we take this tech called blockchain and repurpose it for everything? We’ll put a blockchain on the moon, we’ll put a blockchain on food, we’ll put blockchain on industrial stuff.’
You need to sprinkle it like Salt Bae, sprinkle some blockchain dust on it and it will magically give off some efficiencies. Satoshi purposefully built blockchain tech to build Bitcoin. Blockchain tech sucks. It’s terrible. It makes so many trade-offs to build Bitcoin that it is basically ineffective for almost anything else.”
In other trending Bitcoin News today:
Top Bitcoin (BTC) Strategist Proclaims Altcoin Season Has Arrived, Names Four Crypto Assets to Watch and One Ready to Retreat
Crypto analyst Nicholas Merten says he believes a new altcoin season has officially arrived.
On the latest episode of DataDash, Merten says that for the first time in two-and-a-half years, the collective altcoin market has broken through a key line of resistance against Bitcoin (BTC).
“We’ve obviously had a breakout here and the momentum has been building up here. We talked about this for the last few weeks to watch out for this and we finally have gotten it…
For this to continue climbing, what are we really going to need here? Is it going to be a lot of small-cap plays?
“In the short term, we need to start seeing some of the large-caps move. I’m talking about Etherium, Litecoin –some of these larger, more established cryptocurrencies, to really solidify the breakout…
The monthly [chart] has been signaling this since back here in September when ETH set its last low.”
Merten is particularly bullish on iExec (RLC), Chainlink (LINK), Cosmos (ATOM), and REN, but he thinks that Cardano (ADA) is headed for a pullback after sustaining a huge rally from about 2 cents in March to a high of 13 cents on Tuesday.
“We can see here that in the short term ADA is a little bit overextended. It’s had a great rally here so it might be time for it to play a little bit of catch-up.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Forex Analyst Explains Why Chainlink Price Could Surge 80% Higher
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